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Ashoka Buildcon Limited Capital/Financing Update 2021

May 28, 2021

61353_rns_2021-05-28_25239f70-8ce2-4c5f-8a1b-bc8f1f2fe6ce.pdf

Capital/Financing Update

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Ashoka Buildcon Limited

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To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 533271 Scrip Symbol: ASHOKA Eq.

May 28, 2021

Subject: Receipt of Letter of Acceptance

Dear Sir / Madam,

Ashoka Buildcon Limited (the Company) is pleased to inform that the Company has received Letter of Acceptance from FAHI DHIRIULHUN CORPORATION , a State-owned company of the Government of the Republic of the Maldives, for the Project viz. ‘Design and Construction of 2000 Social Housing Units in Hulhumale’, Republic of Maldives’ (“Project”) on Engineering, Procurement and Construction (EPC) basis.

The total value for this project is estimated to be around USD 140.33 Million (~Rs.1018.36 Crore).

This disclosure is made in pursuance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is for your kind information. Yours sincerely,

For Ashoka Buildcon Limited

MANOJ Digitally signed by MANOJ ACHYUT ACHYUT KULKARN KULKARNI Date: 2021.05.28 I 08:04:21 +05'30' (Manoj A. Kulkarni) Company Secretary ICSI Membership No. : FCS – 7377 Address : 3, Dattakripa Apt., Kathe Galli, Dwarka, Nasik – 422 011

Regd. Office : S.No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Tel. + 91 253 6633705 Fax +91 253 2236704 Website : www.ashokabuildcon.com CIN : L45200MH1993PLC071970